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20140504
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can debate whether it costs jobs or not. i remember when we raised the minimum wage under bill clinton we had the best following years of job creation we've had in the last 60 years. you can't debate the fact that when you raise the minimum wage it has the effect of raising other salaries up and up as well so i think there's a lot of stuff in the democratic arsenal and particularly the point larry makes is a good one what. do the republicans have to say about the economy? cutting taxes and lowering regulation? we tried that in the bush years, and it was a total failure. >> no, no. hang on a second. front page of the "new york times." bill clinton in his second term or actually after he got shell lacked in '94, and he's proud of this, and i'm going to back clint on on this. he was a great economic president. you know why? he was a supply-sider in his second term. he lowered the capital gains tax and participated in a deal with gingrich on welfare reform, on free trade. he did all the right things. those guys cut spending. that's the kind of agenda we need right now. here's one for you.
're already hearing sort of the ways we might hear the economy talked about in 2016. bill clinton gave a speech this week where he talked about the prosperity of the 1990s and how he helped usher that in. that can be laying the ground work for a potential hillary clinton run in 2016. instead of them talking about what's going on in the economy now, you hear them harkin back to the good old days, the golden years of a way of enticing voters and getting them riled up as opposed to focusing on near-term policy issues. >> there's been a lot of talk from this administration and others around the globe, we have to do more to support smaller companies. they're the job creators and the drivers of growth. are the small businessmen, the smaller companies, now hiring or not? >> it appears that they are. when we looked at the reports from adt yesterday, what we did see is that the smaller companies are hiring the indicators again, the surveys of small businesses indicate they're hiring but doing so cautiously. they don't want to get too far ahead of where the economy is, but they are confident tha
what side of the aisle he's on. he was a clinton democrat. >> let's start about deals, tax inversions. how should this company think about tax inversions? the iconic nature of a company like that. for the first time thinking they want to effectively relocate for practical purposes at least the holing company is for tax purposes for a 5% spread on taxes. >> it's a billion dollars a year. >> and the uk tax system as being better than hours. what do we have to do? >> you have a short-term problem and long-term problem. i'm talking about political timetables. of course screams corporate tax reform. we need to reform corporate taxes in this country. both sides, you know, republicans and democrats agree on that. but tax reform takes a long time. that's why i say it's a long-term problem. if you just study history, the '86 tax reform act, other examples took a long time. three and four years actually from beginning to end occur. it is not going to happen quickly here. so the short-term question is, should we just sit back and let all of this happen. >> right. >> or should there be some inter
, may have been the difference in the obama campaign meeting hillary clinton. >> i think when she met barack obama and met him because she didn't d an interview with barack obama, she walked out of that interview saying wow, so when he announced that he was going to run for president of the united states, she wanted to do anything she could to help him. she had never done that with anybody before. i think that that made a difference. but i also think barack obama inspired things in people that people hadn't seen in years. >> >> reporter: with the tv show coming to an end and "o" magazine going strong, winfrey set off on a new challenge, creating own, the oprah winfrey network. it got off to a rocky start. >> went through a period thinking, boy, i was number one for 25 years, and now that doesn't matter. there was all of this, you know, we call them haters who were almost celebrating that it was so difficult for her. that was jarring, but that didn't deter it. it just made her think i've got to work harder and she went in and took a close look at well, this doesn't work. she has a frie
appointees. you rule out merkel or clinton. >> you rule out, obviously, people who changed the world. steve jobs. i let that out of the bag. >> you think he'll be on the list. >> yes. >> there's no way i wouldn't put bill -- why are they we'll find minutes from now. >> 10. >> the producers think it's inside information. they're yelling. can you make money? are there futures on this? >> they are yelling us because it's time for commercial. thank you. see you again in a moment. >> a name also synonymous with luxury, good charm along with the first 25, we had the first on cnbc with the ceo of forest labs. the company joining the battle. yesterday it's making a deal before itself is acquired for tax reasons for $25 billion. brett saunders will join us 7:30 eastern. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive pla
president clinton. he also represented the late marge schott when baseball forced her out as the owner of the cincinnati reds years ago after she was accused of racism. it will be very interesting to hear how mr. bennett feels this will all come to an end a little bit later. >> that's right. >> let's show you the markets, shall we. >> as we mentioned, the dow is up, bill, 23 points. this is index that still hasn't reclined its high, december 31st the end of last year is when he had the close high. had an intraday high. >> like a team that can't hold the lead. up 100 points on the open, and we see where it is right now. nasdaq, that's the big loser today. momentum stocks to blame. >> once again, the story there hasn't changed, it seems, in the last couple of weeks and the s&p 500 index, off two points to 1861, and we're looking at a more defensive tone to this market as we enter the final hour. >> a lot to talk about with our closing bell exchange. peter, give us some of the hits, runs and the errors here today. >> yes. >> once again the dow is higher on the open and then it fades into
Search Results 0 to 5 of about 6